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we spoke to grover norquist of americans for tax reform on this morning's washington journal. here's a portion of the conversation. >> host: welcome back to the "washington journal" and over -- grover norquist joins us. i want to get your thoughts on the news of the growth and opportunity project report out from the republican national committee, the chairman of the republican national committee is having a press conference that started a few minutes ago at the national press club, talking about changes that the party needs to make in terms of outreach, changes to how to dominate a presidential nominee. just on what you've heard so far? >> guest: first of all is important to do a postmortem on an unsuccessful campaign. republicans at every recent to believe that -- would capture the senate and when the white house as well and it didn't happen. now at the same time republicans had 30 governors and democrats have 20 and at the state level more republican state legislators than democrats. there are 25 states where republicans have united control in both houses and only 12 states, less
on public servants, wasted money spent in the financial crisis and the only thing is higher taxes. >> there is an oversight of spending tax dollars, we have known that for a while. with the story with school superintendent, national average 162,000 to be a school superintendent but some of these guys are running half a dozen schools, less than a million students, some of them are making 200,000 or more. it is amazing there is no transparency, little oversight for the public servants will scream about the private sector. look to your own backyard. charles: the same ideology that argues about corporate salaries uses that as an excuse to bump up their own salaries. digging a were using to bump up your salaries? connell: thank you, charles, appreciate it. dagen: i am taken mcdonnell. connell: i am connell mcshane. thank you for joining us and this is what is keeping washington up at night. preventing a budget deal from happening. dagen: a big day for bernanke and company. is it time for the central bank to pull back on the bond buying? connell: and the taiwan factory making the recall
of republicans that i grew up with, the conservative business, low-tax republicans, and it is a natural generational fight, and i agree, i hope they continue to battle it out until after we get a woman in the white house and do some other things. then you all come back from the dead in 2050. [laughter] when the mayans predicted the world would end in 2012, they were talking about republicans. [laughter] i see the democratic party, we have enormous challenges as well. i do not like the fact that my native south has a lot of republican governors. i like to make sure that the party is competitive in the south as all as in the northeast and the western part of the country. for that to happen, we have to make sure that we can articulate that vision the people in the south want us to have in terms of our role about government, but also the kind of country we want to be. right now i feel a lot better about the democratic party than i did four or five years ago, because it is a stronger party. >> the notion we have to spend money organizing or we did not do well because of technology, that is m
a bank deposit tax. sterling is trading lower as they get ready to set out this year's budget expecting to redirect spending to revive growth and deutsche bank lowers its earnings due to mortgage related lawsuits and/ regulator investigations. >>> plenty still happening as we follow the cyprus story for you and explore just what it means for investors across europe and around the world because the market reaction has been relatively muted if you consider the extraordinary nature of these events. cyprus' president is meeting with party leaders this morning after lawmakers last night unanimously rejected a proposed tax on bank deposits. this was crucial to unlocking a $10 billion bailout. the house speaker said the decision had been made for all europeans. >> this decision of the house of the republic of cyprus is protecting all the people of the countries of the european union and this is the main message i want to send tonight to all european citizens. >> now meanwhile cyprus' finance minister is appealing to moscow for help fresh from his talks with his counterpart this morning. discus
. it is outrageous what we are paying. >> taxed out the wazoo. are millionaire liberals waiverring on support for the president's policy? and -- >> we have your back. america support for israel security is unprecedented. >> does our greatest ally in the me mid east trust our president? >> plus, a colorado sheriff explains why he won't enforce his' tough new you gun control law. and breakthrough artist of the year rock the house with the governor. ♪ >>> ladies and gentlemen, governor mike huckabee. [ applause ] >> mike: thank you. thank you very much. a great lively audience and a fantastic show lined up for you. welcome to huckabee from the fox news studios in new york city. who would have thought that just over four months after liberals were dancing in the streets over president obama's reelection they are now crying in their beer and some don't even drink beer but they started. because they are are now realizeing that their taxes have gone up. way up in some cases. and obama care which was supposed to save them $2,500 a year is busting their budgets as the cost of their healthcare is soa
by the parliament. [ inaudible [ inaudible ] >> they ordered down the blast. no tax or levy would be imposed on deposits less than $26,000. but there would have still been a fight on largeer amounts. it has people lining up at atm again today. banks remain closed. i am withdrawing some money in case of an emergency, this cypriat says. european union helped force the plan on cyprus in exchange for additional bail-out money. today, they, too, admit the seizure of private funds was a dangerous idea. >> i understand that there was a feeling, the bo in a way. >> russians have been speaking out against the approach as well. they hold up to half of the foreign investments in deposi deposits in cyprus. existing loans with moscow set to be present. >> there is a contract between russians and placement insy produce and the russian government. it's safer to put mup there. >> now the cyprus government has to figure out a new way out of the trouble. european union has to figure out if it will help lower. the banks are set to reopen on thursday. bret? >> greg palkot in london. thank you. back here at home
a plan for the new budget, including new taxes. how much you ask? reaction from one of the top republican leaders in the house on that dollar figure. martha: how about this? there is a report out there that a hacker is giving out confidential memos on the terror attack in benghazi. how could this have happened when lawmakers and the victims families still do not have any answers in terms of what they have been demanding? big questions this morning. john bolton on that. >> the security in benghazi was a struggle and remain ad struggle throughout my time there. the situation remained uncertain and the reports from some libyans indicated it was getting worse. diplomatic security remained weak. in april there was only one u.s. diplomatic security agent stationed there. ♪ [ male announcer ] help brazil reduce its overall reliance on foreign imports with the launch of the country's largest petrochemical operation. ♪ when emerson takes up the challenge, "it's never been done before" simply bemes consider it solved. emerson. ♪ given way to sleeping. tossing and turning have where sleepless
of constants. lower taxes on rich people, not lower taxes for everybody, right? they don't like taxes, but letting the payroll tax cut expire was in fact their policy. lower taxes in general. lower taxes on richer wealthier americans. cutting social programs. entitlements they go back and forth. medicare they go back and forth. you remember mitt romney and paul ryan ran in the election as they were going to stop the democrats terrible intention to cut medicare, then paul ryan got back into the house and writing a budget he kept all those cuts and added new ones and had more added into this is program. the real shock in recent weeks or real frustration trying to covers the budget debates. republicans cover five issues, they want to cut the budget deficits and cut defense spending and simplify the tax code and lower tax rates. in a deal with president obama they could get the first four, more deficit reduction, protect defense, the democratic president would get some cover in cutting medicare and social security and they could simplify the tax code by taking out expenditures. they are n
, in the ryan budget takes the taxes and repealing obamacare. what is happening is the complete integrity of our financial system is being called into question. we have the fed printing day and night to provide the monetary support for these fiscal policies, and to hear republicans say, the speaker of the house say, this is not an immediate debt crisis. what the hell does one look like? >> neil: makes you examine, were they trying to say -- calm people down into thinking we're not going to followed like this hour or this day. but by saying not immediate, and agreeing with the president, they give him a negotiating edge. the president says this isn't really like a right-now threat. up to now they've been saying this is a right-now threat. >> i don't think boehner believes it is. i think he has been around a long time. the think he has participated in this for a long time. i don't think he would use this as a crisis, and it is a crisis. paul ryan was on my program over a year ago, and he said we have two years. well, that's over a year ago, so i guess we have about ten months, and i'm surprised at
if is car theish oo you here is tax payer loans are contingent upon building cars at the former gm plant in the u.s. in delaware. that was supposed to create thousands of american jobs but so far has created none. potential chinese buyers balking at the idea to build here in the u.s. it is uncertain if the white house will change it for that reason asewn. fox business network, lauren simonetti, thank you. >>> are you looking to get ahead in your career? it may be as simple as setting a date and writing it down. kate upton could be a lot of men's dreamgirl. one teenager is hoping she is the dream date for the prom. did she say yes? ÷÷ music ... music ... music... >> 20 after the hour. the fda is scrapping the cigarette warnings. they are abandoning a legal battle to have cigarettes light up. they will replace those to include images of diseased lungs. overnight new york firefighters rescued a construction worker who was trapped in mud for hours. he was working in a 75 foot deep subway tunnel when he got suck in mud up to his waste. firefighters used an vel vacuum to help pull the man
. there was such a huge backlash over a proposed tax on bank deposits. >> yeah. >> very outspoken about that. >> absolutely. including people around europe worried too. you see there some worried people lining up outside atms because the banks are still closed, our nick paton walsh is in the capital. >> the reason people are in such large numbers is because this atm is working. some getting 500 euros, some less, not sure what the rules are to many of them but it's a symptom of a panic slowly setting in. we have a banking system here that's really beginning to collapse. people in shops saying they'd rather take cash because the people supplying them goods for sale insist on receiving cash concern for the government's pay system won't function in the 48 hours ahead. but above all people just trying to make sure they have enough money to get through the days ahead. >> so much uncertainty. so much distrust. richard quest is joining us now from london on this. so what happens monday if they don't come up with a so-called plan b? >> right. if there is no credible, workable plan, or a bailout plan,
for considering is the tax and spending blueprint for fiscal year 2014. live coverage at 2:15 eastern here on c-span2. south carolina is holding a primary today in the 1st congressional house district. here's a look at that race. >> host: well, here is the front page of the state newspaper this morning, a story by gina smith for the island packet. turnout will decide today's election for the 1st congressional seat in south carolina. gina smith is joining us on the phone this morning. of gina smith, tell me about this race. who's running and why? >> guest: well, good morning from south carolina. this is like christmas morning for me, i'm so excited. [laughter] this is really an exciting race. we have 18 republicans, two democrats, an incredibly crowded field. but some of the names in this race just make it just delicious to watch. we have mark stanford, the former -- sanford, the former governor who most of the nation remembers as the guy who slipped out of the country in 2009 so he could go visit his mistress, and he -- everyone thought he was hiking the appalachian trail, but he was up to some
of the nation of cyprus. the government elected to come up with a plan be after the parliament levied a tax of up to 10% on anyone who had any bank deposits. now the question is whether they going to do. this is important for us and of course, that can affect our 401k. but that dow average just hit a record high. greg is following the story from london. reporter: that's right, folks today are scrambling to come up with a new way from dragging all of your done with it. they voted down a plan that would see big bites taken out of private bank accounts. again, there has to be a way to get this country out of the way. one way to do it is lax banking regulations. moscow has a stake in all this. officials are reportedly looking for a big loan. back in, with strings like energy and getting rights for the people. the banks are worrying that people. we are told that it could be closed until some kind of deal is done. atms are working. you can get about $1300 out of it and atm each and every everyday. but the hitch is that the atm's run out of money by about 7:30 a.m. so you have to get there early.
the budget over the next ten years. >> but no tax increases. >> no tax increases. the president already got $650 billion worth of tax increases january 1st. he got a trillion dollars worth of tax increases in obama care. this year the federal government will bring in more revenue than any year in our history and yet we're still going to have a trillion dollars budget deficit. spending is the problem. >> the white house says in response, yes, it's true. taxes went up more than $600 billion over ten years at the end of the year but it is also true the white house put $1.5 trillion worth of spending cuts in their budget. the truth is you're both right. i mean, they have offered spending cuts. the taxes did go up. it still hasn't made enough of a dent. you still have to sit down and do something. >> right. i think we're doing our budget this year. actually we're doing it this week here in the house. our budget will balance in ten years. we're going to pass our budget. hopefully the senate will pass their budget. except their budget never comes to balance. the president's budget never comes to b
their taxes as well. we're talking about the thousands of government federal employees dodging the i.r.s. should they be fired? we've got an update on that this morning. >>brian: you think a woman's cheating husband would get the message. after she uses a billboard for revenge. but the best part is how she paid for it. look at that. "fox & friends" starts right gnaw. >>steve: welcome to march madness live here on the "fox & friends" set. >>alisyn: good to be with you all. >>steve: the president is out of the country, 50-hour sprint in israel. we have a situation where a lot of you are saying it is so cold here, i can't wait for vacation. we have a great segment in about 20 minutes. we have the founders and c.e.o. of 14 sandals, three beaches. wouldn't they like to see alisoe just as a token. we might have a beaches bureau. >>alisyn: let's do it. i volunteer. let's talk about the middle east. the president is making his first trip to israel since becoming president and there's a lot of tension, including this attack with rockets fired across the border. >>steve: indeed. somewhere in g
? >> this is a miss for new york governor andrew cuomo who wants to extend the temporary tax increase on high income earners in the state after promising to let it expire. for the second time extending that temporary tax increase. do you think voters would learn after a while they're being played here? apparently not. out in california governor jerry brown sold californians on a temporary tax increase for high income earners in his state. i guess the blue state liberals never learn. >> paul: bret? >> briefly a hit for pope francis off to a fantastic start and i think this is obviously true for catholics and even as a non-catholic you see a pope getting out and mingling with people and showing love and humility to the people assemblying by the hundreds of thousands in rome to see him. next week, he's going to go and wash the feet of inmates in a prison for young offenders and this is the right way it seems to me to conduct the papacy and wish him continued success. >> paul: thank you all. and remember, if you have your own hit or miss, send it to us at jer@foxnews.com and follow us on twitter: @jer o
even though republicans have given up $600 billion six weeks ago and saying you got your taxes and now we want to see some spending cuts. are those two positions in concrete and intractable? >> i don't think so. the only time i would flatten the tax code and i think that is a good idea, by the way, to eliminate a lot of the loopholes and deductions but what do you do with the money? i would like to put some on the debt and buy down tax rates particularly the corporate rate to create jobs. we need economic growth. for me to o do that he has to embrace entitlement reforms. social security and medicare are going bankrupt. a demographic change in the country. 10,000 baby boomers retire a day. medicare and social security are unsustainable. if the president will help me save medicare and social security and refor reform medii will flatten the tax code but not going to do one without the other. i'm looking for the biggest spending cut in the history of the country along with reforms to save medicare and social security from bankruptcy. then i will do revenue. >> mike: for the first time sinc
.d.p. which is what they're now perhaps going to get. by taxing depositors, they actually have the ability to also tax nonresidents, as we saw in your clip just now. there's a lot of british there but there are even more russian depositors so in that sense you actually end up having the ability to bring in tax revenue from non-cyprusians. that's a big advantage for the government of cyprus because this is money that otherwise they would have had to raise by cutting pensions or other types of austerity measures. >> woodruff: the russians and others stand to be hurt pretty badly by this. >> basically that's part of the strategy or the intent of both the euro area, the i.m.f. and the cyprusian government. >> woodruff: but the signal that sends, i mean, what's the message it sends to the rest of europe? i mean, how worried should they be that what's going on in cyprus and we don't know how this is going to play out because the banks are closed for the next few days. how worried should the rest of the banks in europe be? >> i don't think there's an immediate risk of sort of contagious bank run
with gun control and tax loopholes as well. let's bring in today's panel. the former national press secretary for the obama campaign. good to see all of you. thank you for being here. >> thanks. >> let's start with gay marriage. the attitude shift is generational. younger people are much more supportive than younger people generally speaking when it comes to same sex marriage. are hopeful politicians making a conscious decision to follow the younger voters instead of the older ones? >> take a look. the future of their party is at risk. 81% of young people support it. public opinion has change so quickly could you get whip lash. in 2004 the bush/cheney campaign built their campaign on putting ban same sex marriage on the ballot. you had santorum make outrageous comments about it. now you have a sitting u.s. senator embrace gay marriage. you've had a host republicans come out, so to speak, for it. over the years and i think you will see that grow. but chairman priebus put it into the autopsy report for the party. if the party will have a vibrant future, they're going to have to start
to lure super bowl 50 to the new 49ers stadium in 2016 includes give up tax revenue. now live from santa clara to explain. >> the santa clara city council decided it can, indeed, afford to give up a variety of tax revenue, all financial demands imposed by the nfl. those demands require the city to give up 9.5 percent hotel tax on 350 rooms for nfl staff, a 10 percent ticket surcharge and 35 percent per ticket fee that funds senior and youth program and $4.54 parking fee. private donations and general super bowl windfall will make up the loss and then some. the couple sill voted unanimously to give up the millions in revenue at a special meeting lat night. the stadium will be finished next year and santa clara is hoping super bowl 50 is played there in 2016. the hilton santa clara is optimistically planning a 140-room addition with views overlooking the new stadium and four of the rooms are premium and they are not worried about giving up the hotel tax. >> what we will get, the money pent during the super bowl event in that timeframe, that will more than make up to any money that is lost.
. we don't believe that we ought to be raising taxes on middle income americans, which is exactly what the ryan budget will do. if you are going to sort the voucherize medicare, and then say to them with this voucher, you shop around, but then i've got to make up the difference with the insurance, then that's raising taxes on people who are on medicare. at the same time, you cutting taxes to people in the upper income categories. then we want a block grant, medicaid. that means that there are seniors who will find themselves being shopped around from state to state to find which nursing home will be able to take them. that is the kind of stuff that we ought not have. we ought to have a national medicaid program, a national medicare program, and it should be a guarantee. it should not be a voucher to shop around to insurance companies. >>> but congressman, there's going to have to be compromise before anything gets done. from the president's vision, if there is to be another grand bargain, it would require changes on entitlements. are you and the other members of the democratic caucus w
the deficit long term. the democrat budget, of course, talks about a big tax hike over ten years of about $1 trillion. republicans say they're not going to do that. they want to roll back obama care. these are the two outside extreme positions. that's where we're at now. going forward can they come together and find some middle ground? >> weigh in on that, lauren. is there really a chance for reconciling these two extreme budgets? >> i think david kind of nailed it here. when it comes to the budgets, they're just a little bit too far, but this budget process isn't a waste of time. i think it's promising that they went through regular order. this is something that the senate hasn't done. they haven't passed a budget this a long time. i think what we'll see is this may open the door to pass some appropriations bilts for 2014 and this could put us on the road for a long-term deficit reduction deal. these are just opening gothss here. >> david, as i look at your article, it focuses on immigration reform and how it's making its way through the senate. where do things stand right now? >> alex, the
to raise the road use tax because we don't have enough to build our roads. now road use tax, that really should cause a person to think. that is a user's fee. we pay it in the gas that we buy, and we expect that when that nozzle goes into our tank and when we squeeze the nozzle to buy the gas we watch the dollars and they go up really fast when you see gas that's over four bucks a gallon, we watch those dollars go up on the pump. we also realize between the state and federal government a lot of us are paying 40-plus cents a gallon to build the road that we're wearing out with the gas we put in. that's a user's fee. when i came here and break this down and asked the question, of tax/user rth of gas fee, 18.3 cents a gallon, $1 of that, how much of that actually goes into roads and bridges? and i'll tell you it adds up like this -- then we reduce it a little bit on this number. three cents out of that dollar went for trails for bike trails, snowmobile trails and that sort of thing. 3%. there was a one time $16 million in one of our appropriation bills to do -- to clean graffiti off of the
union leaders called for a tax on savings accounts, prompting a drop in global stocks. >. it's outright theft. >> woodruff: jeffrey brown kicks off a week of stories about the middle east, starting with israel's new governing coalition sworn into office today. >> ifill: paul solman reports on older workers in academic institutions, professors in the classroom long past age 65. >> am i keeping track of jobs? yes. that's okay. as long as i'm a good teacher, that's what's important. >> woodruff: and we examine the republican national committee's call for a new direction for the g.o.p., a road map hoping for a rebound in 2016 and beyond. >> ifill: that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation
accounts and just taxing their savings now has a new plan. the details are ahead. plus, the lawmakers who pulled no punches and yanched-yanked on each other's hair. a man pops his trunk for the cops and a deer makes a run for it. it easier to get everything your business needs. [ dog whimpers ] even paper towels. and now get a scott mega roll paper towel 6 pack for $4.99. staples. that was easy. i'm your hot water heater. you hardly know i exist. that's too bad. 'cuz if my pressure relief valve gets stuck... [ booooooom! ] ...we hot water heaters can transform into rocket propelled wrecking balls. and if you got the wrong home insurance coverage, it's your bank account that might explode. so get allstate. [ dennis ] good hands. good home. make sure you have the right home protection. talk to an allstate agent. make sure you have the right home protection. but maybe the problem isn'isn't your lawn. introducing the all-wheel-drive mower from husqvarna. we engineered its unique drive system and dual transmission to handle hills& thick grass& and tough terrain& without losing traction or powe
-year spending plan written by democrats. they call for higher taxes to fund government programs. house speaker john boehner remained skeptical. >> the budget that senate democrats are considering never balances, ever. that means more debt, fewer jobs and, frankly, much higher taxes from the american people. >> sreenivasan: the negotiations over these competing party visions for governing will begin in earnest when president obama submits his spending blueprint on april 8. with their work done, house members leave town today for a two week recess. while senators will remain in a marathon session until a vote on their own plan to fund the government. judy woodruff takes it from there. >> woodruff: for what's happening behind-the-scenes, we turn to todd zwillich, washington correspondent for "the takeaway" on public radio international. welcome back to the newshour. >> good to be with you, judy. >> woodruff: first this vote to keep the government funded by the end of the fiscal year, both the house and senate passed this. does this mean democrats and republicans finally see eye to eye on somethin
up shortly. martha: we have brand new fox polls out this morning about budget and taxes. look at numbers. people were asked what bugs you the most when paying your taxes? the list is so long. how could you think about what bothers you most. number one, 43% the way the government spends their money, 43% is what really bugs them the most. 38% goes to one of the president's biggest talking points during the campaign. people say they don't think some folks pay their fair share. goes on from there. the tax forms and amount you pay which is always bothersome. what do you think? bill: i think i need more options than just four there. the other thing that showed up in the fox polling how significant the debt was and how people are reflecting that. we'll talk about that later. martha: teenager gets first paycheck and think they make x-amount of an hour and expect the whole paycheck to reflect that. they go, oh, so much of my paycheck is gone. welcome to the tax system. >>> cyprus is getting a new ultimatum today. the european central bank is now telling the island nation to come up wit
the parliament rejected a bailout that would have taxed its own citizens' bank accounts. the banks are closed the rest of the week. >>> where are we with this situation? >> in a standstill when it comes to cyprus. the parliament is betting the european union and central bank will not cut them off for -- not going through with the plan to tax deposits. they have almost a week to negotiate. next tuesday is when the banks open up. in the back channels with russia on financial support, so it seems they're hoping they can find a stopgap. >> shepard: what i didn't understand was the real problem with this situation in spy russ is the russians, who have been laundering money, have stashed so much money in the banks, the banks are bigger than the economy in the country. so they could have taxed it at 13%. they have, like our federal deposit insurance company, they have guarantees up to 100,000 euros. why not tax problem kids and not every day folks. >> it could come to that. the vote that failed was above 20,000 euros. >> then you violate -- >> it gets the percentage a little bit high if you only res
. especially the weight of tax increases. >> it's negative for economic growth overtime. global economy, we compete, with many other nations. part of the competition is taxes. >> conservative critics argue big government fools itself to thinking taxing and spend willing make the economy grow. >> it assumes you take money from the economy right pocket and put in the left pocket and manualicly you more money. >> administration defenders, though, look at it differently. >> under normal circumstances, you don't want the government intervening. in the circumstances where we have the weak demand this is a good time for the government to step in. >> even though who want to spend less would increase spending at lower rate. >> bret: house lawmakers vote down budget proposals as an alternative to g.o.p. plan put forward by paul ryan. senators approved a stop gap spending plan. continuing resolution to keep the government funded after the end of the month. senate has, now it heads to the house. amendment to force the president to reinstate white house tours fail today. mixed messages from you in the l
you think that there is any chance we'll see this president even say the words "carbon tax"? >> with an open mind... >> has the time finally come for real immigration reform? >> ...and a distinctly satirical point of view. >> but you mentioned "great leadership" so i want to talk about donald rumsfeld. >> (laughter). >> watch the show. >> only on current tv. >> the motion is adopted without objection, the motion to reconsider is laid upon the table. michael: the scene from the house floor where paul ryan's budget barely passed, two votes. it was 221-207 that sounds like 14 votes but it was two more than they actually needed. there was a small margin for this budget, a lot of republicans voting against it who you wouldn't have thought would, not a single democratic came out in support. the american people roundly rejected the ryan budget during the elections last year. ryan said it's not because of the budget that romney and mr. ryan lost, but there were other things that played there as well. let's listen to representative paul ryan. >> this is a good week for all us repres
to tax people's savings accounts. some experts call cyprus the kay men islands of the mediterranean. lax oversight. reportedly the place to bank for the russian mob. it looks like the u.s. government will not shut down, at least not for now. but lawmakers may be setting themselves up for a new self-inflicted crisis down the road. it's good enough for honey boo boo. now another state could soon make it legal to eat road kill. what state you may be asking? that's coming up as we approach the bottom of the hour and the top of the news as fox reports live tonight. road kill. life brings obstacles. usaa brings retirement advice. love your passat! um. listen, gary. i bought the last one. nice try. says right here you can get one for $199 a month. you can't believe the lame-stream media, gary. they're all gone. maybe i'll get one. [ male announcer ] now everyone's going to want one. you can't have the same car as me, gary! i'm gettin' one. nope! [ male announcer ] volkswagen springtoberfest is here and there's no better time to get a passat. that's the power of german engineering. right now lea
patty murray's plan to raise taxes, increase spending and never come to balance. top republicans say it doesn't add up. >> that means more debt. fewer jobs. frankly much higher taxes from the american people. we certainly hope that the president will change his mind and submit a plan that actually balances the budget. >> the senate plans to vote on the dueling plans and a whole series of amendments tomorrow. democrats say they favor a balanceed approach and republicans say they back a budget. >> bret: mike emanuel live on the hill. dow lost 90. s&p 500 dropped 13. the nasdaq fell 32. cyprus is officially on the clock. european bankers have given cyprus four days to come up with a new plan to avoid bankruptcy. senior foreign affairs greg palkot tells us what the hurry is. >> anger outside of the cyprus parliament. bank employees are worried they will lose their job. the both would take measure to consolidate the troubled cypriot financial failure to protect the smaller deposito depositors, said to be part of plan "b" to contribute to multibillion dollar bail out by the country. >> the
a one-time tax on bank accounts. why investors are around the world including the united states are growing more concerned about what is happening in cyprus. >> we're following a developing story in nevada where a military training exercise has ended in tragedy. the marine corps says seven marines were killed in an explosion. authorities investigating the exact cause which could include a related traffic accident. >> all this happening at hawthorne army depot in western nevada, 140 miles southeast of reno. helicopters brought in to take those patients to area hospitals. >>> at least 48 people today were killed in a wave of deadly attacks across iraq. >> in all, 17, yes, 17 car bombs, 7 roadside bombs and 2 shootings, this all coming of course on the tenth anniversary of the u.s.-led invasion of iraq. >> a live report from baghdad at the bottom of the hour. ♪ >> the trumpets sounding in the vatican, today marks the official start of pope francis' papacy. >> thousands of people, francis was inaugurated. the bishop of rome. >> francis cruise through st. peters square, in an open
. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ >> do you like eggs? >> doesn't everybody. >> the scrambled eggs and people fgather on the first day of swing and restaurants compete who can make the biggest portion and a record to the team cooked 1500 eggs in one gigantic pan. >> why? >> they're a symbol of a new beginning for spring. >> looks pretty good. >> thanks for joining us. >> "america live" starts right now. >> megyn: fox news alert just 48 hours after an assassination style hit on a high ranking state official in colorado, investigators are looking into whether a powerful saudi arabian family is in in way tied to the murder. tom clements was director of colorado department of corrections. as the manhunt for his killer began, who could have carried this out. welcome, i'm megyn kelly. investigators working on several theories today as they clements murder, but one leading theory involved this man here, he is a saudi national serving
exit from the euro. the rescue package scraps a controversial plan to put a tax on private bank deposits. but a top european official says europe may need help paying the bills. >> the euro area member-states are committed to assist cyprus in its adjustment process and have reaffirmed that the size of the financial assistance will amount to 10 billion euro. we would obviously welcome a contribution by the imf. heather: so, question is, who wins, who loses in this deal? stuart varney is the host of "varney & company" on the fox business network and he is here to answer that question for us. so who wins, who loses? >> heather, let's start with the oozers. the russian mob, number one. losers big-time. they will confiscate 30% or more of those depositers and money in the bank if they have got more than 100,000 euros. a lot of those people are russian. they will lose big-time. secondly, the cypriot people, they lose. the island is already in chaos and they face an economic depression. there are some forecasts that cyprus will lose 20% of its economy. that is a depression. so those tw
the president wanted. >> well, he got his revenue. he has gotten his revenue. obama care has 21 new taxes. my goodness. i'd like to get rid of obama care in total and rid of those taxes. you've got to look at some of these other components of the problem. and you cannot tax your way out of this. i quite frankly liked the op-ed in "the wall street journal" today that showed our budget with the stablization pulling back on all of those spending components and putting ourselves in a position of growth would give us household income growth of $1500 in 2014 and $4,000 per household within this ten-year window. and what we're saying is, you've got to get this under control. now, the president wants to continue to spend and put new spending in place by getting new revenues. that's not workable. the american people don't want that. they want to see some spending restraints, some control, some common sense brought to bear in this budget process. >> congresswoman, i want to get you on the record about senator rand paul coming out in support of comprehensive immigration reform. right now it looks like r
one. give we give away money, about $1.2 trillion. everyone knows the tax code is a mess. economically inefficient. stacked off in times against the middle class. so if we can clean up the tax code that would be beneficial. second, healthcare issue is a very serious one. medicare costs are coming down but there's a demographic that awaits us. 10,000 folks a day are going on to medicare and it is not just medicare issue. it is a healthcare spending issue in this country that's tough on businesses, tough on individual. so if we can do something to help slow that rate of growth and confidently keep it down, that's beneficial for the broad economy. >> americans were according to polls, americans are strongly in favor of gun can control. recent poll, favor background checks. more than half favor banning assault weapons. over half favor banning large magazines. >> that's the reason i think the president is glad to be away from washington, away from congress. there is a level of dysfunction here. the power in this institution is enormous. it takes away from common sense steps. you have the fi
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